Stakis Casinos, UK £2 – Vintage Casino Chip
£2 chips are quite rare. The normal denominations in the UK were £1, then £5, £25, £50, £100, £500 and £1000
Sir Reo Stakis (born Argyros Anastasis; 13 March 1913 – 28 August 2001) was a Cypriot hotel magnate, and longtime head of Stakis Hotels.
He was born in Kato Drys, Cyprus, 13 March 1913 and left for Great Britain in 1928, aged 14. He started selling his mother’s handmade lace door-to-door and gradually headed north, settling in Glasgow. By the 1940s, Stakis was involved in his first restaurant, the Victory in Glasgow, whose affordable prices began to change the way Scottish people dined out. By the 1960s, he had a chain of thirty restaurants and hotels throughout Scotland. In 1962, he bought the Dunblane Hydro Hotel, which was run-down yet within six months he had returned it to profit. Stakis was to make his home in the grounds of that hotel.
Stakis opened Scotland’s first casino, the Chevalier, in 1964 and gradually added several other casinos to the Stakis group. However, his flagship hotel, The Grosvenor, was destroyed by fire in 1978.
He was knighted in 1988. By that time Stakis’ son Andros had taken over the business and in difficult trading conditions, some poor decisions brought the company close to bankruptcy. However, new management brought renewed profitability and Stakis was able to sell his empire to the Hilton Group for £1.2 billion in 1999.
